(AGB)

Analyst Highlights Legal and Regulatory Challenges in Indian Gaming Sector

Sudhir Kale, a gaming consultant, has emphasized that despite its enormous potential, the growth of the Indian gaming industry is hindered by regulatory obstacles and tax considerations. He pointed out that India, with its massive population, holds significant economic potential for the gaming sector's expansion.

Kale identified three primary market segments: horse racing, sports betting, and online casinos. He predicted that India, expected to become the world's third-largest economy by 2027, would offer substantial opportunities for the gambling industry. However, the market's current size is primarily restricted by the limited number of casinos, with authorities expressing a reluctance to permit new establishments. Additionally, the Indian government prohibits foreign participation in the local casino industry. Despite these challenges, Kale anticipates that authorities might eventually allow international involvement in the sector.

5 March 2024, 17:40

Betting India

Betting

ESPN Bet Could Launch in New York by Weekend

24 September 2024, 08:30

Brazil sets deadline for unlicensed gambling operators

18 September 2024, 15:49

BetMGM Becomes General Partner of USA TODAY Sports

17 September 2024, 09:01

Flutter Entertainment buys more than 56% of Brazil's NSX Group

14 September 2024, 10:06

Three times more bets were placed on the Paris Olympics than on the Beijing Games